Little Rock Apartment Complex Sold for $2.2 Million (Real Deals)

by George Waldon  on Monday, Feb. 18, 2008 12:00 am  

The property was bought for $385,000 in September 2003 from Thomas and Donna Hindsman.

Industrial Sale II

Industrial land in North Little Rock changed hands in a $360,000 transaction.

Glover Properties LLC, led by James Glover, acquired the land along the west side of Interstate 440 between Faulkner Lake Road and U.S. 165. The seller is J.A. Riggs Tractor Co., led by John Riggs IV.

The deal is backed with a three-year loan of $360,000 from One Bank & Trust. J.A. Riggs bought the 2.8-acre site for $58,000 in February 2001 from Stellar Real Estate Holdings LLC, led by Mary Cavin.

A nearly 12-acre site was purchased as part of an $842,000 deal with an investment group that included the estate of Herschel Friday; Nancy Friday; William and Peggy Sutton; William and Elizabeth Terry; the Boyce Love Testamentary Trust; William Patton Jr. and his wife, Kay; William and Mary Lou Cravens; and the Oaklawn Jockey Club, led by Charles Cella.

Maumelle Site

A 0.64-acre site in Maumelle rang up a $281,000 deal. Elder Meadowview Townhomes LLC, led by Chris Elder, bought the land on the east side of Club Manor Drive, south of Carnahan Drive.

The seller is IHDG Pulaski-02 LLC, led by William D. Walker. Construction is backed with a two-year loan of $800,000 from Great Southern Bank of Springfield, Mo.

The property previously was tied to a November 2006 mortgage of $542,246 held by Mountain State Bank of Roswell, Ga. The land was acquired in November 2006 as part of a $532,000 deal with Bob Fewell.

PV Residence

A 5,800-SF home in west Little Rock's Pleasant Valley neighborhood sold for $820,000. Alnery 166 LLC, led by William M. Hulse, purchased the house from Michael and Mary Rebick.

The residence previously was backed with a June 2003 mortgage of $285,000 held by Metropolitan National Bank of Little Rock.

The location was bought for $85,000 in August 1991 from the estate of Allen Gibson.

Industrial Mortgage

Development of more than 450 acres of industrial land in North Little Rock is backed with a $2.5 million mortgage.

2007 DeHaven Family Ltd., led by Jay DeHaven, obtained the one-year loan from Bank of Little Rock.

The land near the northwest corner of Interstates 40 and 440 also is linked with an April 2007 mortgage of $1.1 million held by the bank.

The limited partnership acquired the land for $1.1 million 10 months ago from the estate of Thomas Villareal, Judith Villareal-Boaz and Josephine Smith.



Please read our comments policy before commenting.